Stanbic IBTC Independent Director Offloads 303,800 Shares in Insider Transaction

Stanbic IBTC Holdings Plc has disclosed that one of its Independent Non-Executive Directors, Babatunde (Babs) Jolayemi Omotowa, sold 303,800 ordinary shares of the company in a transaction executed on May 29, 2026.

The disclosure, signed by Company Secretary Chidi Okezie and submitted in accordance with insider dealing reporting requirements, showed that the transaction involved the sale of 303,800 units of Stanbic IBTC Holdings shares at a price of ₦161.48 per share.

Based on the disclosed price, the transaction was valued at approximately ₦49.05 million.

According to the notification, Omotowa, who serves as an Independent Non-Executive Director on the board of Stanbic IBTC Holdings Plc, conducted the transaction in Lagos, Nigeria.

The filing identified the transaction as an initial notification and stated that the shares sold were ordinary shares of Stanbic IBTC Holdings Plc with ISIN: NGSTANBIC003.

Insider transactions are closely monitored by investors and regulators as they provide insight into trading activities involving company directors and senior executives. Such disclosures are required to promote transparency and maintain confidence in the capital market.

While insider sales do not necessarily indicate a negative outlook on a company’s prospects, market participants often evaluate such transactions alongside the company’s financial performance, strategic initiatives and broader market conditions.

Stanbic IBTC Holdings Plc remains one of Nigeria’s leading financial services groups with operations spanning banking, asset management, pension administration, stockbroking, insurance and investment banking services.

The company has continued to strengthen its position within the Nigerian financial sector through diversified earnings streams and strategic investments across its subsidiaries.

As of the close of trading on May 29, 2026, Stanbic IBTC shares were actively traded on the Nigerian Exchange Limited with investors continuing to assess developments surrounding the group’s performance and corporate activities.